EURNZD possible move to the upside

This is my view about the possible and highly probable move on this pair that will follow in the near future.

I am expecting/my analysis is showing Alternative 2 but am prepared for the possibility that it will break out sooner and in this case will follow Alternative 1. In case of Alternative 2 I will look for a short term sell setup as price action will retest the yellow trend line and go for a 3rd impulse down

Please do not follow my entry suggestion blindly since I am always adapting it according to the actual price action. You have to have a well tested strategy with good money management for entering such a trade.